18 November 2019

Table of Contents for Ticker Tape -Construction

Ticker Tape: International

Chinese turbine maker bags 2 orders in India


Chinese wind turbine manufacturer Envision Wind Power Technologies has bagged two orders from Indian wind energy companies. The company is also close to introducing a 4.5-MW turbine, which will be the biggest to be offered for sale in India for onshore applications. The first of the two orders won by Envision Wind is for 197.5 MW from the Actis-backed Sprng Energy, and the second is from ReNew Power for 35 MW. Both Sprng and ReNew will use Envision’s turbines for their upcoming projects in Gujarat, won in a tender floated last December by the State utility Gujarat Urja Vikas Nigam Ltd.Envision is also working towards launching two new machines in India — of nominal capacities of 3 MW and 4.5 MW, whose blades will sweep an area equivalent to 2.8 and 3.2 football fields, respectively. The latter would be the biggest in the country.




Srei to enter into energy partnership with Russia


Kolkata-based industrial major Srei may soon enter into energy business with hydro-carbon rich Russia as Delhi and Moscow have decided to expand their energy partnership. Realizing the huge trade potential between India and Russia (which stood at $7.5 Billion in 2016-17), Srei have been on a constant look out for promising opportunities in infrastructure, finance, acquisitions, and partnerships with Russia.  Srei has set up a $200 million IT and Innovation Fund in partnership with Russian state lender- Vnesheconombank (a development bank in Russia) for promoting collaboration between India and Russia in the field of artificial intelligence, 3D, printing, and robotics among other areas. The first investment deals are expected to be rolled in the beginning of 2019.




Indian engineering exporters pick up orders worth $3.3 million from EEPC India exhibition


Indian engineering exporters, particularly from the SME segment, have got business enquiries worth about $100 million and orders worth $3.3 million from the just concluded five-day EEPC India exhibition in Colombia, USA. The exhibition, where 77 companies participated, was held under the EEPC India’s flagship series INDEE (40th edition), with support of the Commerce Ministry.




Steel Strips Wheels bags orders worth ~$3mn from US, EU


Steel Strips Wheels has bagged export orders for caravan wheels and truck wheels for US and EU Trailer markets, the company said in a press note to the exchanges last month.  These orders have been bagged to ship ~100,000 wheels from October until December 2018 with a total value ~$3mn, the company added. Steel Strip Wheels is expecting these orders to be repeated in months to come. Meanwhile, the company is operating its truck wheel facility in Chennai at 120% utilization and an additional capacity of 1mn wheels is expected to be on stream in phases starting from November 2018 to March 2019.




Infosys bags contract from Public Services and Procurement Canada


Indian tech giant Infosys recently announced that Infosys Public Services Inc. (IPS) received a CAD $80.3 million contract by Public Services and Procurement Canada (PSPC) to modernize and automate their procurement processes. IPS is working with Ernst & Young LLP (EY) and SAP Canada Inc. (SAP) to digitize PSPC procurement system through the implementation and management of a cloud-based electronic procurement solution.




L&T Technology Services bags $40 million deal


L&T Technology Services (LTTS) last month declared that it has bagged a deal worth USD 40 million (about Rs 290 crore) to provide digital content management services to a technology company’s industrial products segment. LTTS, without disclosing the client’s name, said the deal is expected to run for a period of five years with an aggregate revenue potential of USD 40 million, covering engineering content management (ECM) programmes in the US and European regions.The engineering and R&D services company will leverage centres in Europe, US and India while assuming complete ownership and talent to manage content for all current and future product suites for the customer, it said in a statement. “This would include technical design specifications, diagnostic solutions for service engineers and product training for customers and engineers, thereby supporting the entire ECM cycle from product conceptualisation to developing digital content platforms,” it added.




Apollo Tyres initiates production of  Apollo branded truck tyres at Hungarian plant


Apollo Tyres, in September announced that it had started commercial production of its Apollo brand of truck tyres at its Hungarian facility. Last year in April, the company had started rolling out passenger car tyres under Apollo and Vredestein from the plant which has been set up with a total investment of EUR 475 million. The first lot of truck tyres from the plant are now being used by Piessens and Zonen from Londerzeel, Belgium, a company specialising in transportation of construction materials, Apollo Tyres said in a statement. The company said Belgium being the first country in Europe where Apollo truck tyres were first introduced last year, the country was the obvious choice to start the delivery from the company's Hungarian plant. The Hungarian unit in Gyongyoshalasz region is Apollo Tyres' second production facility in Europe, and sixth worldwide. In the phase I, the facility will have an installed capacity of producing 14,000 passenger car tyres a day and 1,200 truck tyres daily.




Ajmera Group announces entry into London, Bahrain


Ajmera Group recently announced  its international foray into Bahrain and London with the launch of five projects with 10 million sqft of development. The company, in partnership with Mayfair Housing, will be developing a project in Bahrain, spread across 1.45 million sqm of reclaimed land from the sea. Ajmera and Mayfair have collectively invested Rs 1,400 crore in the project, which the company claims will be the tallest in the Gulf country. The two towers named ‘Golden Gate’ will be of 45 and 53 storeys, respectively and will comprise 746 apartments. The London foray includes four projects in mixed categories from residential, commercial, affordable and student housing and ultra-luxury, the company said.

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